Mirae Asset Global Investments Co. Ltd. Boosts Position in GlobalFoundries Inc. $GFS

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of GlobalFoundries Inc. (NASDAQ:GFS) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 962,273 shares of the company’s stock after acquiring an additional 54,827 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.17% of GlobalFoundries worth $36,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of GlobalFoundries by 6.9% during the 1st quarter. Invesco Ltd. now owns 2,491,747 shares of the company’s stock worth $91,970,000 after acquiring an additional 159,936 shares during the period. Pacer Advisors Inc. raised its holdings in shares of GlobalFoundries by 8,540.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company’s stock worth $91,265,000 after acquiring an additional 2,444,018 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of GlobalFoundries during the 1st quarter worth $40,493,000. Woodline Partners LP acquired a new stake in shares of GlobalFoundries during the 1st quarter worth about $33,504,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of GlobalFoundries by 1.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 405,258 shares of the company’s stock worth $14,958,000 after purchasing an additional 7,148 shares during the last quarter.

Analysts Set New Price Targets

GFS has been the subject of several research analyst reports. Wedbush dropped their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Arete upgraded shares of GlobalFoundries from a “sell” rating to a “neutral” rating and set a $37.00 price target for the company in a research report on Wednesday, August 27th. The Goldman Sachs Group initiated coverage on shares of GlobalFoundries in a research report on Thursday, July 10th. They set a “neutral” rating and a $40.00 price target for the company. Morgan Stanley dropped their price target on shares of GlobalFoundries from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Finally, Arete Research set a $37.00 price target on shares of GlobalFoundries in a research report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.79.

GlobalFoundries Stock Performance

NASDAQ GFS opened at $35.81 on Friday. The company has a market cap of $19.80 billion, a P/E ratio of -170.52, a P/E/G ratio of 1.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.92. The stock has a 50-day moving average of $33.97 and a two-hundred day moving average of $36.04. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $47.69.

GlobalFoundries (NASDAQ:GFS) last released its earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a positive return on equity of 6.55% and a negative net margin of 1.68%.GlobalFoundries’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. As a group, analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current year.

About GlobalFoundries

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.